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Tuesday, February 15, 2011

Obama Frames Budget As Thrifty, But With 'Prudent Investments'

The White House unveiled a 2012 budget request on Monday that it framed as a way to cut spending while making responsible investments to keep U.S. businesses and workers competitive.

The proposal won immediate scorn from Republican leaders, who criticized it as unrealistic, irresponsible and reliant on gimmicks to achieve a headline deficit reduction number of $1.1 trillion over the next decade.

“This is not an ‘I got the message’ budget,” Senate Minority Leader Mitch McConnell (R-Ky.) said in a floor speech. “It’s a patronizing plan that says to the American people that their concerns are not his concerns.”

Even before the GOP criticism, the White House had begun sending out the message that its budget proposals were more responsible than what Republicans would do to the budget.

More here

2 comments:

Lily James said...

so if this budget helps decrease the deficit why are they complaining? Its seems to me Obama is damned if he does and damned if he doesn't

Bob said...

Well, Lily, why is it that Obama assembled a "blue ribbon panel" to detail problem areas and make suggestions on how to reduce spending...and then refuse to use one single suggestion made by his own panel while developing his proposed budget? No.....a rose by any other name....

Spending is still spending, even when you call it "investing". This administration has absolutely no clue on how to handle the financial problems faced by our country. The brakes must be put on spending immediately. The size of the government (federal and state) must be scaled back drastically - until it hurts. If this isn't done and personal taxes reduced, we will never come out of this tailspin. The only way we can recover now is to re-distribute the debt. And THAT can only be done on a global scale. Nice job Obamanites. A new world currency is on the horizon.